Mesa 85207 Records 7.9% Gain in Home Listing Prices

Mesa AZ zip 85207 posted 1,422 active properties for sale in 2015 through the month of October. At 285 homes for sale, the 300,000-399,999 price category showed one of the highest numbers of units listed. When compared to the same time period in 2014, which showed 1,337 residences for sale, 85207 experienced a 6.4% gain in the total inventory of active residential listings, a year-to-year net gain of 85 homes. The area's average active listed price year to date showed a net rise of 7.9% from this reporting period last year, rising to $423,319. The cumulative days on market for active properties for sale in 85207 was 83 days through the month of October, showing a 12.2% increase from the average compared to the same period during 2014. Homes for sale are on the market longer this year on average.

Sold Home Prices See 6.9% Uptick. Through October 2015, 85207 has seen 722 homes sold year to date as the average sales price of $322,312 recorded a gain of 6.9% from this reporting period a year ago. The overall number of sold listings in 85207 had a 2.7% advance when compared to this time range one year ago, which showed a volume of 703 sold residences, a year-over-year rise of 19 closed transactions. The 300,000-399,999 price category reported one of the greatest numbers of closed sales this year at 134 closed transactions.

Sam Lawmaster is a 85207 real estate agent who specializes in residential listings. Information provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most current local real estate information or to obtain a free evaluation of your home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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